Characteristics of successful entrepreneurs

All successful entrepreneurs in the world share common traits. So in order to find out your own inner
entrepreneurs you can tick the below mentioned characteristics. The characters described below are
must for any entrepreneur in order to be successful.
1) Enjoy what youre doing: one of the basic characteristics is to love what youre doing. An
individual must be passionate about his business.
2) Take your work seriously: understand that youre not here to play around. If youre planning to
take your work easy, your competitors are working really hard to cut down your share.
3) Effective Planning: you need to plan each and everything. Perfect planning is the key to
errorless execution. Make sure that you have taken care of each and every minor little thing also
while planning.
4) Manage your capital: even the biggest company on earth does not have money to lose. Manage
your money wisely.
5) Customer focus: customers are your gods. You need to look after them well and take care so
that they keep coming to you.
6) Promote yourself: dont be shy by promoting your own brand in the public. Go wild and tell
everybody about your business and great product. Word of mouth is a great source of driving
traffic to your organization.
7) Position a positive image: make sure you are promoting your company well. Positive positioning
of product as well as organization is very important to sustain in the long run.
8) Latest technology: companies those who keep themselves updated with the technology are
doing wonders. Make sure you are regularly updating your I.T infrastructure as well as efficiently
bringing it in use.
9) Get the best team: excellent strategy and planning without great team is of no use. Get
equipped with the loyal and excellent team that is well aware and updated with latest business
norms.
10) Sustainable Competitive advantage: develop a clear and sustainable competitive advantage for
your organization. Come up with the quality which is not easy to copy so that it can develop you
separate brand identity.
Different industry people have different skills set but these characteristics are must. Its the
entrepreneurs who take the society forward. In the economy which is troubled, it is entrepreneurs and
not the big firms that ensure half the labor force gets foods on their tables. Entrepreneur, a French word
flows off the lips beautifully however the name belies the underlying risks and high stakes involved.

REFERENCE:
http://www.researchomatic.com/successful-entrepreneur-85172.html